The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-05-25
PITTSBURGH IRON TRADE.
Not q Very Encouraging Outlook-The Gu
Y In tho Prices, 5ggsg2

10 e H .
PlrrsBuRau, May 2i.-The Chronic,
Telegraph says: Tho outlook In nearly /
dozen OF our iron mills Is not very encour,
aging, but there are more than ono reason
for the change that has taken place
There Is not 30 much complaint about Q
lack OF orders, but the trouble Is that some
Of the purchasers who made contracts
some months ago are attempting to with,
draw. a lew. days ago several Western
firms with erders aggregating 81 900 tons,
cancelled their orders, but as the iron was
on the road the withdrawal was not &C.
cepted. The reason assigned for CANCEL.
Ing was that there had been cutting In
prices: The present slight reaction has
caused q sudden shut down OF the mill at
kittanning. At the end Of last week no.
tice was given to close the work, and the
men we're all paid In full. This mill bas
thirty.two pudding iurnacee, and one
train OF bar rolls, but there has never
been any finished iron rolled in the mill,
The muck iron made averaged about
sixty.dve tons day, and 1t has been sold
to firms In this city, mainly to Grail, Ben.
mott q Co., and Carnegie Bros. Il Co, The
drop may affect half dozen mills, The
actual falling Of up to the present time ia
little more than i've per cent.
The decline at present is In the pud.
ding iorges, but in the finishing depart.
mens nearly every train Of rolls is as
active now as a month ago. Judging
from the past, commencing with warm
weather, tho majority Of our iron manu-.
iscsureTs will have a great deal OF trouble
keeping their pudding furnaces lighted
up all the time. The puddlers, after a
long ana constant run such as they have
mad ior Just year, causes them to revive
an Old move, and that is to quit pudding
during the three summer months. Those
firms using the patent furnace shields will
succeed IN getting the most work done,
but oil this number there are not more
than one.fourth.
The milla yet on double turn, but with
considerable trouble in obtsid;Dg a i'm
complement Of puddlers, or in getting
those at the furnaces to do full time, is
Pittsburgh Forge and Iron Works, the
Star mill Of Lindsay & McCutcheon, the
Clinton mill, and Republic and the Ameri.
can iron woks, the mill Of ]. Painter 4
sons, the Tenth street mill OF Oliver Bros,
4 Phillips, on the South Side; the Soho,
Keystone and kensington mills, Second
avenue; the Wayne iron and steel mill,
the two mills Of Carnegie Bros. and Car.
negle, Phipps & Co., at Twenty-ninth and
lhir'y'thlrd streets; the Fort Pitt and
Solar iron mills, the Millvale mill Of Graff,
Bennett 4 Co., the Etna iron works OF
spang, CnalIant & Co, and the Vesuyius
iron mill Of Moorhead, Bro. 4 Co.
The pudding department in the Eliza
iron and bolt works has been put ON eir
heats, but as the firm is in need of mnck
iron, an effort will be made to start on ton
heats, or double run, again by Monday
next. Yesterday a change from double to
single turn was mede in one puddlinp
lorge IN each OF the mills Of Shoenberger
q Co., and Zug & Co. At tho close Of
thls Week it is quite probable the small
Jorge oil ~ furnaces in the Star mill will
be changed to six heata. In the Fifteenth
street mill on the South Side, the work OF
the forge ia yet double turn, but scarcely
more than two.thirds time ie made, In
the Sligo mill 22 pudding furnaces are
still on double, and 10 are on five heats,
Just now there is very little muck iron
oo1ughtand sold. Our manufacturers here,
who have some to sell, refuse to dispose OF
1t at the figures ruling. Those IRON dis.
tance, who have been shipping hero and
cut prices, have about ceaeed TO make apy
more contracts. Tho shipments within
the last week have been almost down to
nothing.